Almost every economy goes through a season of recession at one time or the other. These seasons are characterised by scarcity of funds, collapse of businesses, mass unemployment or under employment, tough fiscal policies by government and low consumer confidence. As a result of these and other factors the real
IFE ADEDAPO writes on the effects of late credit payment on businesses and the role the government can play Despite the high risk involved in selling products or rendering services on credit, small businesses often engage in this practice. Experts note that in a highly competitive market, Small and Medium
In 1972, the Federal Government took a very bold step by promulgating the Nigerian Enterprises Promotion Decree which was reviewed in 1977. The decree gave the citizens a chance to share in the success of blue-chip companies especially the multinationals, by buying shares. Many of these concerns operated as conglomerates,
The BET Awards held yesterday night at the Microsoft Theater in Los Angeles with so many highlights making the event a memorable one – from Janet Jackson receiving a warm welcome back to the BET Awards to Sean “Diddy” Combs‘ epic Bad Boy reunion and his pretty nasty on-stage tumble to Rihanna duct taping Floyd Mayweather’s
The Ekiti State Governor, Ayodele Fayose, has declared that he has no power to annul the selection of Prince Adejimi Adu as Ogoga-elect, the traditional ruler of Ikere Ekiti town. The governor, who spoke on Monday when some elders of the town led by Chief Olusola Bayode paid him a
The Peoples Democratic Party has said that no amount of intimidation, blackmail or propaganda by the Presidency will stop it from standing shoulder to shoulder with Nigerians in demanding that President Muhammadu Buhari should start the implementation of his campaign promises. The new opposition party, which was in the saddle
In the Monday, June 15, edition of the Vanguard, an interview granted the Vanguard by Bishop Matthew Hassan Kukah, was published in which, unlike the beloved bishop I know him to be, he astonishingly claimed that “we elected a President not to look for scapegoats. We elected the President to
The Federal Government is planning to borrow between N180bn and N240bn through the sale of government bonds in the third quarter, the Debt Management Office has said. According to the DMO, the amount will be borrowed through the issuance of five and 20-year bonds
A United States-based stockbroker, Mr. Tayo Shebanjo, has urged Nigerian stockbrokers to develop and equip themselves to operate at the highest level by adopting global best practices, among other things, in their activities.
The equities segment of the Nigerian Stock Exchange rose on Monday, buoyed by the activities of bargain hunters. Resultant gains from the bargain activities by 30 stocks, led by Forte Oil Plc, aided the NSE All-Share Index to a 1.
For three straight quarters the Nigerian economy has run without capital votes to fund critical development projects, eventhough the government has struggled to sustain huge recurrent expenditure, largely on borrowed funds. The National Assembly appropriated N722.
The Presidency, through the National Salaries, Incomes and Wages Commission, has directed the Vice-Chancellor of the Federal University, Otuoke, Bayelsa State, Prof. Mobolaji Aluko, to refund overpayments of salaries running into millions of naira.
Senate President, Bukola Saraki, and Speaker of the House of Representatives, Yakubu Dogara, may have ignored the online controversy trailing the election of majority leaders of the two chambers and their deputies. Their social media pages, which have become their diaries since they emerged leaders of the eighth National Assembly,